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Companies / Health Care / Opus Genetics, Inc.
IRD

Opus Genetics, Inc.

Health CarePharmaceutical Preparations
Ticker IRDDURHAM, NCFiscal year ends DecemberBook value per share $-0.14Diluted shares 91.2M

Opus Genetics, Inc. (Nasdaq: IRD) is a clinical-stage biopharmaceutical company developing gene therapies for inherited retinal diseases and other treatments for ophthalmic disorders. Its pipeline includes seven adeno-associated virus gene therapy programs targeting mutations associated with conditions such as Leber… From the company’s description.

Over the twelve months to Jun 30, 2026, Opus Genetics, Inc. reported revenue of $9.86M, down 36.1% from a year earlier, and a net loss of $107.61M. Its operating margin was −513.5%, and operations used $40.67M in cash. In fiscal 2025, it reported revenue of $14.20M, up 29.1% from fiscal 2024, and a net loss of $49.59M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$14.20MFY2025
+29.1% year over year
Last 12 mo $9.86M
-271.90%FY2025
+292.8 percentage points
Last 12 mo -513.47%
$-49.59MFY2025
+13.8% year over year
Last 12 mo $-107.61M
-323.11%FY2025
+532.5 percentage points
Last 12 mo 828.66%
Cash & financing
$-35.25MFY2025
−37.8% year over year
Last 12 mo $-40.67M
$-35.25MFY2025
−37.8% year over year
Last 12 mo $-40.67M
0.07FY2025
Last 12 mo -2.79
62.2MFY2025
+132.9% year over year
Last 12 mo 91.2M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Opus Genetics, Inc. does

In the company’s own words

Opus Genetics, Inc. (Nasdaq: IRD) is a clinical-stage biopharmaceutical company developing gene therapies for inherited retinal diseases and other treatments for ophthalmic disorders. Its pipeline includes seven adeno-associated virus gene therapy programs targeting mutations associated with conditions such as Leber congenital amaurosis, bestrophinopathy and retinitis pigmentosa, alongside phentolamine ophthalmic solution 0.75%, a small-molecule eye drop. The gene therapies are designed as one-time treatments delivered by subretinal injection; the company’s most advanced programs target LCA5 and BEST1. Phentolamine is FDA-approved as RYZUMVI for reversing pharmacologically induced pupil dilation and is also being developed for presbyopia and low-light visual disturbances after refractive surgery. Viatris holds an exclusive license to develop and commercialize phentolamine in most global markets and is responsible for commercialization. Opus also has APX3330, a small-molecule candidate studied for diabetic retinopathy, for which it is seeking a strategic partner. Founded as Ocuphire Pharma in 2018, the company acquired the private Opus Genetics in 2024 and adopted its name. Its website is https://www.opusgenetics.com.

Company details
Sector
Health Care
Industry (SIC)
Pharmaceutical Preparations
Headquarters
DURHAM, NC
Fiscal year end
December
CIK
1228627
SIC
2834

Financial performance, year by year

Fiscal 2011–2025 · USD
$-122.36M$-78.12M$-33.88M$10.36M$54.60M201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Opus Genetics, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

48
funds hold it
0 of 35
superinvestors hold it
$24.71M
held by funds, at market
7.2%
of shares held by funds

Largest fund holders · Opus Genetics, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.01%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
0.01%of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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